Professionals in International Trade

Tourism spending soars above $40 Billion

The record run for Australian tourism rolls on with spending by international visitors reaching a new high of $41.3 billion for the year ending December 2017.

This is an increase of six percent on the previous year and represents an additional $2.2 billion to the Australian economy – helping create and support Australian jobs.

Almost all states and territories saw growth in spending by international tourists during the year, with most recording double-digit increases. Tasmania continues to enjoy the strongest growth in the country, with spending by international tourists surging 31 percent during the year and up an incredible 90 per cent over the past three years.

The new spending records are revealed in the latest International Visitor Survey (IVS) released today.

Chinese tourists remain Australia’s biggest spenders, pumping a record $10.4 billion – a 14 per cent increase from last year – into the economy. This exceptional growth comes off the back of the successful 2017 China Australia Year of Tourism and increased aviation capacity secured by the Turnbull Coalition Government.